This is a BLOG from Mark Cochrane of Business Strategies Group in Hong Kong. We've been keeping a close watch on B2B media and business information in Asia since 2000 and look forward to sharing insights with you.

Friday, April 29, 2011

News this week: Earlier this week, Shenzhen-listed Zhejiang Netsun announced its first quarter results for 2011. Revenues were US$6.0 million – an increase of 14% compared with the same period of 2010. However, Netsun’s net profit decreased 29%, dropping down to US$1.7 million. Earnings per share were RMB 0.08 (US$0.012).

The Hangzhou-based company operates a number of online domestic sourcing platforms covering industries such as chemicals, pharmaceuticals and textiles. The company’s 2010 full-year revenues were US$26 million with a net profit of US$7.8 million.

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News this week: Shenzhen-listed Focus Technology, the operator of Made-in-China.com, has released its results for the quarter ended 31st March 2011. Revenues were US$14 million, a year-on-year increase of 46%. Net income in the period was US$4.5 million, a rise of 31% compared with the same quarter in 2010. Diluted earnings per share were RMB 0.25 (US$0.0382) in the quarter.

The Nanjing-based company attributed the growth to an increase in the number of paid members and a rise in income from value-added services. As of 31st March 2011, Made-in-China.com had 13,689 registered members, of which 12,752 were registered on the company’s flagship English-language site and just 937 on its Chinese site.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service.You can also follow us on Twitter for all the latest updates.

News this week: Baidu, the leading Chinese-language Internet search provider, announced its first quarter results this week. Revenues were US$372 million, up an impressive 88% over the same period in 2010. Net income was US$163 million, a jump of 123% over the first quarter in 2010. Diluted earnings per share in the period were RMB 3.07 (US$0.47).

The number of active online marketing customers increased 24% to 274,000 in the first quarter of 2011 and revenue per customer increased to US$1,359, a rise of 51% over the first quarter of 2010.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service.You can also follow us on Twitter for all the latest updates.